This is the big dog.
And one that the Chinese government says will be on top of the mandated industry consolidation.
I forgot to post this last week, sorry.
From Capital Vue:
October 28 -- Inner Mongolia Baotou Steel Rare-Earth Hi-Tech’s (600111) third-quarter net profit rose 368.67 percent from the previous year to 250 million yuan, reports the Economic Observer, citing a company announcement.Here's the 1-year chart from Yahoo Finance:
For the first three quarters, net profit reached 600 million yuan, compared with a net loss of 13.65 million yuan in the same period last year. The company predicts this year’s net profit will grow by over 1,200 percent from 2009.
Baotou Rare-Earth's shares slipped 3.17 percent to 90.93 yuan at 14:53 p.m. on the Shanghai Stock Exchange today.
We have quite a few posts on Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co.:
With a Name Like Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., it has to be good ( 600111:Shanghai)
China: Ministry of Industry and Information Technology "Encouraging Consolidation In Rare Earth Sector""Mining hordes invade Mongolia, the 'Kuwait of Central Asia'" and "Hong Kong a good market for Mongolian IPOs"